By Munachimso Obienyi
Investors’ appetite at the floor of the Nigerian Exchange Limited (NGX) skyrocketed as trading volume rose significantly by 204.59 per cent on Tuesday from the previous day’s record.
Data gathered at the close of trading from Nigerian Exchange Limited (NGX) showed that investors exchanged 420.28 million shares worth N3.62 billion from 137.98 million shares worth N4.32 billion traded on Monday.
The Information and Communication Technology sector occupied the lion’s share of the trading volume with 263.8 million shares representing 62.77 per cent of the total, followed by the Financial Services sector with 131.77 million shares occupying 31.35 per cent. The Consumer Goods sector was third highest with 6.59 million shares, representing 1.57 per cent.
By volume, CWG Plc (CWG) was the highest traded stock with 258.79 million of its shares traded in five deals. Guaranty Trust Holding Company Plc (GTCO) was the next with 57.41 million of its shares exchanged in 570 deals on the floor of NGX just as Zenith Bank (Zenith Bank) came in third highest with 13.16 million of its shares traded in 337 deals.
Airtel Africa Plc topped the charts by value of shares traded at N1.35 billion in 37 deals, followed by GTCO at a close N1.07 billion in 570 deals. Zenith Bank was third highest traded by value at N268.75 million in 337 deals.
However, the NGX All-Share index fell 2.16 per cent to 45,366.32 basis points while investors lost N545 billion to close the day’s trading at N24.709 trillion.
Sectorally, indices performance was mixed as the NGX Industrial Goods, NGX Banking and NGX Insurance indices rose by 1.38 per cent, 0.95 per cent and 0.47 per cent respectively while the NGX Consumer Goods and the NGX Oil/Gas Indices dropped by 1.14 per cent and 0.28 per cent respectively.
The top five gaining stocks were United Capital Plc (9.69 per cent), Regency Alliance Insurance Plc (8.33 per cent), Sovereign Trust Insurance Plc (7.69 per cent), Mutual Benefits Insurance Plc (7.41 per cent) and Honeywell Flour Mills Plc (6.84 per cent).
On the flipside was Airtel Africa Plc, Nigerian Breweries Plc, CWG Plc, Jaiz Bank Plc, and Coronation Insurance Plc.
